Discover Financial Services (NYSE:DFS) – Equities researchers at Oppenheimer boosted their FY2019 EPS estimates for shares of Discover Financial Services in a note issued to investors on Thursday, April 12th. Oppenheimer analyst B. Chittenden now forecasts that the financial services provider will post earnings of $8.35 per share for the year, up from their previous estimate of $8.34. Oppenheimer currently has a “Buy” rating and a $82.00 price target on the stock.

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DFS has been the topic of several other reports. JMP Securities lifted their price objective on shares of Discover Financial Services to $91.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Zacks Investment Research cut shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Deutsche Bank began coverage on shares of Discover Financial Services in a research report on Tuesday, January 2nd. They set a “buy” rating and a $92.00 price objective on the stock. Bank of America upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and set a $83.00 price objective on the stock in a research report on Monday, December 18th. Finally, BMO Capital Markets lowered their price objective on shares of Discover Financial Services from $97.00 to $93.00 and set a “market perform” rating on the stock in a research report on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $84.65.

NYSE DFS opened at $71.56 on Monday. Discover Financial Services has a twelve month low of $57.50 and a twelve month high of $81.93. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market cap of $25,024.55, a price-to-earnings ratio of 11.97, a PEG ratio of 0.69 and a beta of 1.46.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.02. Discover Financial Services had a net margin of 17.95% and a return on equity of 21.49%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $1.85 billion.

In related news, SVP Daniel Peter Capozzi sold 5,000 shares of Discover Financial Services stock in a transaction on Friday, January 26th. The shares were sold at an average price of $79.97, for a total value of $399,850.00. Following the completion of the sale, the senior vice president now owns 23,977 shares of the company’s stock, valued at approximately $1,917,440.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Diane E. Offereins sold 15,000 shares of Discover Financial Services stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $69.74, for a total transaction of $1,046,100.00. Following the completion of the sale, the executive vice president now directly owns 115,701 shares of the company’s stock, valued at approximately $8,068,987.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 29,000 shares of company stock worth $8,670 and have sold 253,675 shares worth $19,571,644. Insiders own 0.81% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Discover Financial Services by 26.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 11,817 shares of the financial services provider’s stock valued at $909,000 after purchasing an additional 2,473 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in shares of Discover Financial Services by 9.9% in the 4th quarter. Rehmann Capital Advisory Group now owns 8,203 shares of the financial services provider’s stock valued at $631,000 after purchasing an additional 738 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of Discover Financial Services by 5.3% in the 4th quarter. Xact Kapitalforvaltning AB now owns 81,716 shares of the financial services provider’s stock valued at $6,286,000 after purchasing an additional 4,109 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Discover Financial Services by 35.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 138,455 shares of the financial services provider’s stock valued at $10,651,000 after purchasing an additional 36,259 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Discover Financial Services by 1.0% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 344,229 shares of the financial services provider’s stock valued at $26,478,000 after purchasing an additional 3,371 shares during the last quarter. 86.40% of the stock is owned by institutional investors and hedge funds.

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Discover Financial Services Company Profile

Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.

Earnings History and Estimates for Discover Financial Services (NYSE:DFS)

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